Atlas Sovereign Fund
Atlas Sovereign Fund (ASF) was established by a Trust Deed dated August 19, 2014, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
The objective of Atlas Sovereign Fund is to generate competitive returns by investing in Government Securities and Debt Instruments.
The Fund will invest in corporate debt instruments and Government securities. In selecting portfolio securities, ASF will, consider individual credit risks, but it may be understood that market value of even high quality fixed-rate securities will fluctuate with change in interest rate levels. The percent of the assets in various types of securities will vary in the light of investment objective, prevailing market conditions and exposure limits. At least 70% of the Net Assets shall be invested in Government Securities based on monthly average basis calculated at the end of each month.
| Fund Launch Date | : | December 01, 2014 |
| Type | : | Open-ended |
| Category | : | Income |
| Dealing Days | : | Monday to Friday |
| Cut Off Timings | : | 9:00 a.m. to 4:00 p.m. |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Forward Pricing |
| Management Fee | : | Up to 1.50% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Fund Risk Profile | : | Medium |
| Rating | : | AA-(f) PACRA (As on 7-May-2025) |
| Listing | : | Pakistan Stock Exchange |
| Duration | : | Perpetual |
| IPO/Subscription Period | : | Executed |
| Trustee | : | Central Depository Company of Pakistan Limited (CDC) House 99-B, Block B, CDC Main Shahra-e-Faisal, Sindhi Muslim Cooperative Housing Society (SMCHS), Karachi, 74400 |
| Registrar | : | ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | Yousuf Adil Chartered Accountants |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Benchmark | : | 90% six months PKRV rates + 10% six (6) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP. |
| Total Expense Ration (TER) | : | Investors are advised to consult the Fund Manager Report (FMR) of the respective CIS for the latest information pertaining to the updated TER. |
| Applicable Taxes | : | Income earned in the form of dividend or capital gain shall be charged at a rate as specified in Income Tax Ordinance 2001. |
| Disclaimer | : | Before you invest, you are encouraged to review the detailed features of the Fund in the offering document and/ or Monthly Fund Manager Report. |
| Asset Management Company | : | Atlas Asset Management Limited, Ground Floor, Federation House, Sharae Firdousi, Clifton, Karachi-75600. Telephone # (92-21) 35379501-4 |
Atlas Sovereign Fund is a conventional avenue of investment in mutual funds suitable for individuals, corporate clients and retirement schemes ranging from a short to long term investment.
- Competitive returns
- Online access to individual accounts
- Professional Fund Management Expertise
- Required minimum investment as low as Rs. 5,000
- Easy withdrawal of money
- No minimum holding period
- Risk Diversification
- Exemption from Zakat (on submission of Affidavit)
